Publications
Nigeria Economic Update (Issue 32)
Nigeria’s inflation rate surged by 1.29% points in July 2023 to reach 24.08%, compared to 22.79% in the preceding month, June. This is according to the National Bureau of Statistics…
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Nigeria Economic Update (Issue 31)
The Organisation of Petroleum Exporting Countries (OPEC), in its monthly oil market report for August 2023, revealed that Nigeria’s oil output fell by 13.6 per cent to 1.08 million barrels…
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Trade and Women’s Economic Empowerment: Evidence from Small and Medium-Sized Enterprises
This book provides a fascinating account of how trade affects women’s economic empowerment. This book offers a compelling examination of how women workers and entrepreneurs are empowered through trade. This…
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Nigeria Economic Update (Issue 30)
The International Monetary Fund (IMF), in its latest World Economic Update released in July 2023, projects that the Nigerian economy will experience slowdown in 2023 and 2024. Nigeria’s economy growth rate stood at…
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Are All Shocks Alike? Evidence From the Effects of Oil Shocks on Military Expenditure in Nigeria
In resource-endowed countries, the ability of governments to spend on the critical sectors of their economies depends on the stability of resource prices. Similarly, in crude oil-endowed countries, governments face…
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Nigeria Economic Update (Issue 29)
In June 2023, Nigeria’s money supply (M2) reached a record high of N64.3 trillion, increasing significantly by 15 percent (N8.8 trillion) from N55.5 trillion recorded in May, according to the…
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The effect of ICT on financial sector development in Africa: does regulatory quality matter?
The moderating role of regulatory quality in the relationship between ICT and financial development in Africa is investigated in this study. We employ data from 38 African countries from 2003…
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Nigeria Economic Update (Issue 28)
According to the Organisation of Petroleum Exporting Countries (OPEC) in its July 2023 Monthly Oil Market Report, Nigeria’s oil output dropped month-on-month (MoM), to 1.249 million barrels per day (mb/d) in…
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Nigeria Economic Update (Issue 27)
According to OPEC’s monthly report on crude oil movement, the price of crude oil dropped significantly in the global market in June. In particular, the OPEC Reference Basket fell by…
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Nigeria Economic Update (Issue 26)
The Organisation of Petroleum Exporting Countries (OPEC) reported in its last monthly oil market report that Nigeria produced 1.18 million barrels per day (mbpd) in crude oil for May 2023.…
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Nigeria Economic Update (Issue 25)
Data released by the Central Bank of Nigeria (CBN), on ‘MoData released by the Central Bank of Nigeria (CBN), on ‘Money and Credit Statistics’ has shown that credit from banks…
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COVID-19 and rising educational Inequalities: Evidence from Nigeria
This study unpacks the impact of the COVID-19 pandemic on educational inequalities and related education policy measures in Nigeria. Focusing on primary education, the study aimed to: (i) outline the…
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The Nigeria Tobacco Policy Landscape: The Role of States in Tobacco Control
Tobacco control policy refers to the efforts made to reduce the impact of tobacco use on public health. This can include measures such as increasing taxes on tobacco products, implementing…
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The “Fraud Triangle”: A Cornerstone for Establishing a National Framework to Combat Corruption in Nigeria
A nation cannot develop in the face of endemic corruption. The fight against corruption cannot be won unless the rationale (how and why) for the act of corruption is understood…
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Nigeria Economic Update (Issue 24)
The Central Bank of Nigeria (CBN) has made repeated attempts to contain the inflationary spike by gradually raising the monetary policy rate to 18.5 percent. However, the inflation rate is…
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Nigeria Economic Update (Issue 23)
Following the new government’s plan to unify multiple exchange rates in the foreign exchange (forex) market, the Central Bank of Nigeria (CBN) has taken the monetary policy decision of floating…
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